Our Home Loan and Mortgage Products
FIXED RATE HOME LOAN
QuickDirect’s Fixed Rate Home Loan is a simple, flexible loan that lets you choose the protection of competitive fixed rates from 1-5 years. Plus, it has all the benefits you need to make managing your loan very straightforward.
To view our current Fixed home loan rate click here
A Fixed Rate Home Loan could be the perfect loan if you are:
- A home owner or investor wanting protection from potential interest rate rises
- A home owner or investor seeking to combine a fixed and variable loan together
- Looking for a better deal or consolidating expensive debt
Features include:
| Loan amounts |
$50,000 to $2,000,000 (minimum of $25,000 in combination or split. (Over $2Mill available with special approval). |
| Interest rate type |
1 to 5 year Fixed rate. |
| Term |
10 to 30 years. |
| Repayment type |
Principal and Interest (amortising) or Interest only up to 5 years. |
| Combination and splits |
Can split up to 4 accounts (will consider more). Can combine with other products. |
| Repayment options |
Direct Debit or Salary Crediting either monthly or fortnightly. Internet or telephone transfers from pre-nominated account for additional repayments. |
| Additional repayments |
Maximum of $10,000 pa for fixed accounts without incurring break costs. |
| Redraw facility |
After Fixed Rate Period expires. |
| Withdrawals |
Not available on Fixed Rate Loans. |
| Salary crediting |
Not available on Fixed Rate Loans. |
| Ability to switch |
Can switch all or part of loan limit to another product. Automatically reverts to Variable Rate Home Loan after Fixed Rate term. |
| Statement issued |
Quarterly. |
| Deferred Establishment Fee |
During year 1 1.00% of original loan amount
During year 2 0.80%
During year 3 0.60%
During year 4 0.40%
During year 5 0.20%
Year 6 onward 0.00%> |
| Other Fees |
No account keeping or on-going fees. Break Costs apply if loan is discharged within Fixed Rate term. |
| Substitution |
Can substitute security within loan limit. |